Rapid Increase in Defaults at the Start of 2026 Corporate failures surged by 12% at the start of 2026, according to Coface. This increase is primarily driven by North America, where bankruptcies have risen by 22%, serving as the main driver of the global hike. This acceleration highlights the extent and speed of the deterioration…
The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency Resolution Process for Corporate Persons (Fourth Amendment) Regulations, 2026, introducing important changes aimed at strengthening creditor participation and tightening control over insolvency costs. Under the amendment, the composition of the Committee of Creditors (CoC) has been revised to include the 18 largest unrelated…
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Millions Unaware Of Available Support With Household Bills As Debt To Water And Energy Companies Climbs Over £7 Billion, Nao Finds megaproject.com Read the original article here
In a recent ruling, the National Company Law Tribunal (NCLT), Bengaluru Bench, has declared Congress MLC Naseer Ahmed bankrupt after finding him liable as a personal guarantor for loans amounting to ₹1,454 crore extended to Scotts Garments Ltd. by a consortium of banks led by Canara Bank, State Bank of India, and IDBI Bank. Appearing through…
A Redditor has posted on the social media platform’s India Business forum, asking fellow netizens for advice on how to recover from a ₹70 lakh debt due to a failed restaurant business, without taking any more loans. The user, identified as ‘Stoned Butter chicken’, said he is a 25-year-old male, and initially had ₹1 crore…
First Brands Moves Ahead With Liquidation Plan U.S. News – Money Read the original article here
The Allahabad Bench of the National Company Law Tribunal (NCLT) has rejected the resolution plan submitted by the consortium of Dr Mukesh Kumar Agarwal and Divyansh Agarwal for Usha India Limited. The tribunal also ordered liquidation of the company. The bench of Judicial Member Praveen Gupta and Technical Member Ashish Verma held that it was…
New Delhi: Corporate affairs secretary Deepti Gaur Mukerjee on Saturday called on insolvency professionals to “push boundaries of corporate turnaround” to rescue every possible insolvent firm, prevent liquidation and maximise value for stakeholders. And they must do so without delay while maintaining utmost professional integrity, she said. The code of conduct, stipulating certain dos and…
Darling Ingredients Inc. (DAR) Gains Attention as Defensive Play Amid Margin Improvements and Debt Management – Healthcare Earnings Report newsline.com Read the original article here